Business

Dec
09
2023
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By Abia ThinkTank
8th Anniversary: Innoson Gifts Ooni Of Ife Cars, Motorcycles

8th Anniversary: Innoson Gifts Ooni Of Ife Cars, Motorcycles

Business, News Flash, Philanthropy
8th Anniversary: Innoson Gifts Ooni Of Ife Cars, Motorcycles Innoson Vehicles commemorated the eighth anniversary of the Ooni of Ife, Adeyeye Ogunwusi, this week by donating two new vehicles and three motorcycles. The chairman, Dr. Innocent Chukwuma, represented the indigenous automaker at the occasion. The gifts for the Ooni included an IVM Smart car, an Innoson Shuttle van, and several branded motorcycles. One new vehicle will be awarded to an outstanding staff member at the upcoming Staff Appreciation Night. The Head of Corporate Communications for Innoson Vehicles, Cornel Osigwe, noted on Thursday that “as a prominent sponsor of the Staff…
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Dec
08
2023
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By Abia ThinkTank
Why P&G Stopped Production In Nigeria, Resorts To Import-Only Model

Why P&G Stopped Production In Nigeria, Resorts To Import-Only Model

Business, Economy, News Flash
Why P&G Stopped Production In Nigeria, Resorts To Import-Only Model An American multinational consumer goods firm, Procter & Gamble, popularly known as P&G, has announced that it is winding down its on-ground presence in Nigeria. The Chief Financial Officer, Andre Schulten, made this known during his presentation at the Morgan Stanley global consumer & retail conference in New York on Tuesday. P&G is the manufacturer of common Nigerian household items such as Pampers, Always, Oral B, Ariel, Ambi-pur, SafeGuard, Olay and Gillette. According to Schulten, P&G will transition into importing its products to Nigeria rather than producing them in the…
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Dec
06
2023
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By Abia ThinkTank
Nigeria Customs Services Seize Nine Trailer Loads Of Rice, Others In Ogun State

Nigeria Customs Services Seize Nine Trailer Loads Of Rice, Others In Ogun State

Business, News Flash, Security
Customs Seize Nine Trailer Loads Of Rice, Others In Ogun State The Nigeria Customs Service (NCS) has announced the interception of nine trailer loads of foreign parboiled rice and 13 foreign used vehicles smuggled into the country from the neighbouring Benin Republic. Speaking to newsmen in Lagos on Tuesday, the Customs Area Controllers, Federal Operations Unit, Zone A, Acting Comptroller Hussein Ejibunu, said 18,100 litres of Premium Motor Spirit (PMS) and 376 bales of used clothes were also seized in November 2023. Other contraband seized are 1,926 cartons of frozen poultry products, 337 pieces of used compressors, and 3 40-foot…
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Dec
05
2023
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By Abia ThinkTank
Nasir El-Rufai Floats $100m Firm To Nurture Startups

Nasir El-Rufai Floats $100m Firm To Nurture Startups

Abuja, Business, News Flash
Rufai floats $100m firm to nurture startups The immediate past governor of Kaduna State, Nasir El-Rufai, on Monday, announced that his venture capital/private equity firm, Afri-Venture Capital Company Limited, will begin operations in 2024. According to a post on his X handle, El-Rufai said through the firm, he hopes to finance, nurture, and mentor Nigerian innovators and entrepreneurs to become the next Dangote Group shortly. He further stated that the plan was to launch a $100 million venture capital fund for startups in Nigeria, particularly those in the Kaduna tech ecosystem, adding that he would be working with private sector…
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Nov
23
2023
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By Abia ThinkTank
Jubilation As Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres

Jubilation As Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres

Business, News Flash, Oil & Gas
Jubilation As A Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres A refinery located in Imo state has commenced operation in the country to contribute to solving the problem facing over 200million citizens. The refinery, located in Imo State, is already producing over 600 million litres of various products and dispatching 20 trucks daily. The federal government of Nigeria has praised the Waltersmith Modular Refinery for its contribution to meeting Nigeria’s energy needs at a crucial stage. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who visited the refinery, stated that he was “very proud” of…
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Nov
22
2023
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By Abia ThinkTank
FIRS Demands Tax Compliance By Crude Lifting Shipping Firms

FIRS Demands Tax Compliance By Crude Lifting Shipping Firms

Business, News Flash, Oil & Gas
FIRS Demands Tax Compliance By Crude Lifting Shipping Firms The Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge in Lagos at a workshop on taxation of non-resident shipping companies organised by the FIRS in conjunction with Oil Producers Trade Section (OPTS) on Monday. He said the tax compliance exercise commenced by FIRS on the activities of foreign shipping companies lifting hydrocarbons from Nigeria was part of measures aimed at widening the tax net in order…
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Nov
11
2023
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By Abia ThinkTank
Just-In: Dangote Set To Refund $4.89B To CBN

Just-In: Dangote Set To Refund $4.89B To CBN

Business, CBN/Commercial Banking, Economy, News Flash
BREAKING NEWS Dangote set to refund $4.89B to CBN.The expected rapidly appreciating Naira is set to gain more value as the Chairman and CEO of Dangote Refinery is set to refund $4.89B out of the laundered FX during Emiefele's regime as the CBN Governor.A total of over $12B was set to have been laundered by the world's richest black man during this period.FX speculators are set for a surprise decline in dollars to Naira exchange over the next few days as a result of this refund. Similarly, the lien on the $11B of the federal reserve has been lifted on…
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Nov
09
2023
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By Abia ThinkTank
Betta Edu In Abeokuta Market, Expresses FG Readiness To Lift 100,000 People From Poverty Through Subsidized Adore Production Scheme

Betta Edu In Abeokuta Market, Expresses FG Readiness To Lift 100,000 People From Poverty Through Subsidized Adore Production Scheme

Business, Economy, News Flash, Women Empowerment
💥BOOM Betta Edu In Abeokuta Markets, Expresses FG Readiness To Lift 100,000 people from poverty through Subsidize Adire production scheme. It was excitement for the market men and women in Itoku and Asero Markets in Abeokuta, the Ogun State Capital, as the Minister for Humanitarian Affairs and Poverty Alleviation,Dr Betta Edu announced the readiness of President Tinubu's Renewed Hope Agenda to support locally produced Adire for local and international Market. She also took time to sensitize the market women on the market monies program and other social safety net programs from the ministry. The Minister said federal Government will invest…
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Nov
07
2023
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By Abia ThinkTank
OPay Named Winner Of Fintech Award In The Just Concluded Digital Nigeria 2023 Dinner.

OPay Named Winner Of Fintech Award In The Just Concluded Digital Nigeria 2023 Dinner.

Business, CBN/Commercial Banking, Information Technology
OPay Dear valued customers and stakeholders We have wonderful news! OPay has been named winner of the Fintech Award in the just concluded Digital Nigeria 2023 Dinner, organised by the National Information Technology Development Agency (NITDA). The National Information Technology Development Agency (NITDA) is a government agency with the mandate to create a framework for the planning, research, development, standardization, application, coordination, monitoring, evaluation, and regulation of Information Technology practices in Nigeria. Management wish to sincerely appreciate our esteemed customers who support and trust us for their financial needs. Our mission to make financial services more inclusive through technology remains…
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Nov
04
2023
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By Abia ThinkTank
Aba Agog Yesterday As Gov. Otti, Pastor Lazarus Muoka Officially Commission Aba GSM Village

Aba Agog Yesterday As Gov. Otti, Pastor Lazarus Muoka Officially Commission Aba GSM Village

Abia State, Business, Telecommunications
ABA AGOG TODAY AS GOV. ALEX OTTI, PASTOR LAZARUS MUOKA OFFICIALLY COMMISSIONS ABA GSM VILLAGE The Aba ICT center of studies and GSM mall (Aba GSM Village) Facilitated by the Abia GSM and components dealers Association, ably led by their chairman, Nze George Ezeibekwe,was officially launched today by the executive governor of Abia state represented by the Hon. Commissioner for science and technology, Hon. Chima Oriaku, the Abia state house of assembly speaker, Rt. Hon. Emmanuel Emeruwa and the founder/G.O. of the lord's chosen charismatic revival movement, pastor Lazarus muoka. The large and serene edifice located at Danfodio/Etche road by…
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